Macy’s ups next year’s property-sale target to $275M
The retailer faces an activist investor push to form a separate unit to maximize sale proceeds from the company’s portfolio.
Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say
Macy's on Wednesday said it has concluded an investigation into an employee who intentionally hid about $151 million of ...
Commercial Observer1d
Macy’s Predicts $275M From Sales of Real Estate Portfolio, Will Close More Stores in 2025
Macy's has announced it expects to see $275 million in sales of its retail properties next year, nearly $125 million more ...
Macy’s Stock Falls Sharply on Slash to Guidance
Macy’s had postponed its third-quarter earnings report after finding an employee hid up to $150 million in expenses.
Macy’s tightens financial controls after employee covered up what became a $151 million mistake
Macy’s reported a decline in profits and sales for its third quarter with many customers of the department store chain ...
Bisnow1d
Macy’s Expects $275M In Real Estate Sales This Year, Doubling Previous Prediction
Macy’s is shuttering dozens of locations, but that’s not necessarily a bad thing for the iconic department store chain’s ...
Macy’s third quarter profit and sales slide and so do its shares
Macy’s reported a decline in profits and sales for its third quarter with many customers of the department store chain ...
Activist investors urge Macy’s to create a real estate unit among other changes to boost stock
Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate ...
New York Post4d
Activist investor pushes Macy’s to expand Bloomingdale’s business, create real estate unit
They estimate Macy’s real estate alone is worth between $5 billion and $9 billion – more than Macy’s current market value ... between 1.5% and 2% of total sales, down from around 4% ...